Air Methods Stock Hits New 52-Week High (AIRM)

NEW YORK ( TheStreet) -- Air Methods (Nasdaq: AIRM) hit a new 52-week high Friday as it is currently trading at $93, above its previous 52-week high of $92.97 with 13,761 shares traded as of 10:38 a.m. ET. Average volume has been 84,400 shares over the past 30 days.

Air Methods has a market cap of $1.03 billion and is part of the services sector and transportation industry. Shares are up 8.6% year to date as of the close of trading on Thursday.

Air Methods Corporation, together with its subsidiaries, provides air medical emergency transport services and systems in the United States. The company has a P/E ratio of 24.5, above the average transportation industry P/E ratio of 21.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Air Methods as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Air Methods Ratings Report.

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